Petronet LNG Tumbles Nearly 2% GDF International To Divest Its 10% Equity Stake

Stocks of Petronet LNG tumbled nearly 2% in Thursday’s trading session, as the company announced that GDF International has proposed to divest their 10% equity share capital in the company, wherein GDF International will offer first right of purchase/ refusal to the promoter. 

The stock in a period of one year has delivered 55.16% returns, outperforming the BSE Sensex and the BSE Oil & Gas index over the same time span.

Petronet LNG Limited (PLL) is engaged in sale of re-gasified liquefied natural gas (RLNG). The company is engaged in the import and re-gasification of liquefied natural gas (LNG). Its terminals include Dahej LNG terminal, Kochi LNG terminal, Gangavaram LNG terminal and a Solid cargo port.

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